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Prairie Provident Resources Inc T.PPR

Alternate Symbol(s):  PRPRF

Prairie Provident Resources Inc. is a Canada-based company engaged in the exploration and development of oil and natural gas properties in Alberta, including a position in the emerging Basal Quartz trend in the Michichi area of Central Alberta. The Company has 167,869 net acres in its Michichi core area with approximately 40 Basal Quartz potential drilling opportunities targeting light/medium oil. Its core areas also include Princess. The Company's subsidiaries include Prairie Provident Resources Canada Ltd., Lone Pine Resources Inc., Lone Pine Resources (Holdings) Inc., Arsenal Energy USA Inc. and Arsenal Energy Holding Ltd.


TSX:PPR - Post by User

Comment by SilverSamon Oct 13, 2024 8:14pm
101 Views
Post# 36264860

RE:RE:RE:PPR.RT.TO shares

RE:RE:RE:PPR.RT.TO sharesBalar, I have no idea how the Rights will be trading in  a couple of weeks from now.  At the moment, there is little interest to purchase the Rights, and they are selling at 0.005 each.  The Rights in your portfolio will expire after October 28th if you do nothing and will disappear from your account.  If you choose to exercise your option to purchase shares, it will cost you 0.025/share, so it is quite a discount to the current trading range of 0.04-0.045/share.
I cannot advise you on which is most beneficial.  If you believe in the eventual success of the company, it would seem to make sense to exercise your option to buy the shares at 0.025, but there are no guarantees that this company will survive, so you do so at your own risk.
Scroll down and read the comments over the last month that have been posted here, and you will get more detailed information.
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